Trover Health System Organization Essay Assignment Paper

Scenario analysis is a tool that is used to address what-if question, by this we mean that it is a tool that is used to predict the probability of an anticipated eventuality and how to solve them, in case they occur. Scenario analysis is of vital importance to many different organizations because it is not always what has been planned by the relevant authorities is realized. If they rely only on a fixed result and a fixed strategy of attaining the expected results, then they might encounter major problems such as experiencing huge losses in the respective organizations. The relevant authorities of an organization develop ways in which various eventualities that may occur in the long run can be assessed and solved. This stance puts the respective organization in a very secure position to ensure its continuity in the future. The question that scenario analysis answers are what if this happens? Then what suitable strategy can be used to address it. Mainly scenario analyses are developed as a plan B if plan A fails to happen as planned by the relevant authorities. Many organizations apply scenario analysis to assess a variety of risks, but the core reason for scenario analysis is to analyze interest rate risk. This is a risk that is very crucial to many organizations, and any possibility of the rates of interest increasing or decreasing in future should be addressed promptly.

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